Thursday, November 14, 2013

Force Foods has net revenues of r $ 600 million in the third quarter of 2013

The Force Foods announces financial results for third quarter of 2013. Consolidated net revenue reached r $ 600 million, with significant growth of 183.1% compared to the same period in 2012, including billing of Itambé Foods in the period. On the SP, highlighting the 18.5% increase in net revenues of dairy category, due to the continuous enrichment of the mix and better pricing of products, helped boost growth. The consolidated gross profit totaled r $ 246,4 million in the quarter, with 25.5% margin. On the SP, the expansion of gross margin was 1.7% in the period, to 29.9%. The consolidated EBITDA closed at R $ 58.6 million in 3T13, with margin of 6.1%-5.8% or controlling. "This quarter, we have accelerated our communications efforts with the market portfolio, based on relevant innovations. The increased value perception of our brands in the market allowed the repositioning of some of our product lines, "said Gilberto Xandó, CEO, Force Foods S.A.
EmbaNews - 13/11/2013
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